Joseph I am a lender and investor located in NY , thanks for your post .Question , are there any capital call obligations associated with your syndications for capital improvements , cover unexpected expenses , etc ?

@Sean Williams I think you tagged me on accident but I have had this happen to me twice now.  

Considering this, you need to make sure that you have sufficient money reserves to cover any unexpected repairs that creep up (they always do).  

This deal fell into my lap on accident.

I will also create an upfront operating account fund to cover any unexpected issues that occur before I build an adequately sized reserves account from the ongoing savings. 

A tenant unexpectedly left a week before closing.

We never know if the place will always be fully leased or unexpected expenses come up to cause the DSCR to be lower for that one year. 

Maybe over a technicality an accident , a divorce ,or you just can’t find a bank willing to work with you .

I am completely and totally hooked on the power and life changing ability real estate investing has, and it happened by accident, sort of.I bought my 1st house like most young people with an FHA mortgage, in 2015 with my beautiful wife. 

This is a good tenant and I know this was a complete accident, but the bamboo flooring was new as of 2013 and now will require a good bit of money to replace/repair.